Technext Inc, spun out of MIT, is developing a tools that use probabilistic forecasting of technology improvement rates to predict when new technology will overtake existing technology. This information helps analysts identify weak links and vulnerabilities in current and future systems and capabilities will be matched or surpassed by other technologies. This information is aimed to help decision-makers and policy-makers make better decisions to optimize their long range budget, capability development and investment priorities. The technology uses patents and additional metrics to create an algorithm capable of measuring technological progress.
